I don’t hate my job or Elevance as much as others do, but let’s face facts: this mess isn’t getting fixed. The company’s just delaying the inevitable with constant layoffs. While that might keep things afloat for a while, what happens when there’s no one left to let go? The writing’s on the wall.
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Don't forget, GB just cahsrd in about $70 million of her stocks. Kinda makes you think 🤔
California commercial carries a lot of the business. That's what I was told keeps it afloat for the most part.
The only growth has come from buying membership, they lose more GBD contacts than win; MA hemorrhaging money, what business line is keeping this company afloat? I don’t see how it can sustain. Think Kmart…Big company unable to move with the times, executives awarded themselves huge bonuses right into bankruptcy
That runner’s name is United. Elevance isn’t smart enough to go out on their own and try something new so they just copied expecting better results.
O.P. I dont hate my job either. That old saying is so true, people dont leave their jobs because of the work they do, they leave because of poor/bad leadership.
I compare it to the runner that was told to lose weight to get faster running times. So the runner cut off their legs, loses 50 pounds, and it certainly doesn’t improve their performance times. Coincidentally, the runner’s name was Elevance.
There is no fixing this mess they created. They have offshored too much work and let go of too many experienced onshore workers. It would take years to reverse this.
Less than 2 months ago, our stock was $562. Now it is $415. How much more will the board put up with? None of our competitors have lost that much in their stock.